*Diff [bp] expresses the difference between Quote and Fair rate. Fair rate is the
forward rate implied by the repo rate scenario entered by the user. Quote is the
rate at which the market is trading. Hence, a positive number in the Diff [bp] column
indicates that a T-bill is cheap and that an FRA is expensive given the repo rate
**Credit-spread is the spread used to capture the difference in credit between the
repo rate and deposit rate, against which the FRA settles. For this purpose we have
defined the Credit-spread as the simple rate spread over the implied forward rate
given by the repo rate scenario.